The price of the Nordic system contracts continued to fall last week, but, from Thursday, the market changed direction and prices were climbing again until Monday. The Q1-22 contract now costs EUR 66.70/MWh, EUR 4.20/MWh higher than one week ago, while the YR-22 contract has fallen to EUR 39.05/MWh, EUR 1.45/MWh lower than last week. The weather forecasts remain a crucial factor and the latest forecasts are slightly drier than before the weekend. High spot prices also continue to prop the market up.
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Focus week 47: Sharp price climbs continued for Nordic forward prices this week, with the colder weather helping the spot prices to soar. Nevertheless, the spread in relation to Germany continues to grow.